FORNEBU, Norway, Nov. 2, 2023 /PRNewswire/ -- Akastor ASA's 50% owned affiliate HMH Holding B.V. has today successfully completed a USD 200 million senior secured bond issue with a tenor of 3 years and a fixed coupon of 9.875 % per annum . Reference is made to Akastor's stock exchange notice on 30 October 2023. The net proceeds from the Bonds will be applied towards settlement in full of HMH's existing USD 150 million [...]
FORNEBU, Norway, Oct. 30, 2023 /PRNewswire/ -- Akastor ASA's 50% owned affiliate HMH Holding B.V. has today announced that it has mandated DNB Markets and Nordea as Global Coordinators and Joint Bookrunners and Arctic Securities and Pareto Securities as Joint Bookrunners to arrange a series of fixed income investor meetings, with the intention of seeking to secure a senior secured bond loan. The net proceeds from the [...]
Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The outlook for the company remains strong with a solid secured backlog and high tendering activity. In early October, Aker Solutions announced the final closing of the OneSubsea joint venture, for which the company will receive USD 700 million and retain a 20 percent ownership in [...]
FORNEBU, Norway, Oct. 26, 2023 /PRNewswire/ -- Third Quarter Highlights HMH delivered an adj. EBITDA of USD 35 million, the highest level since inception of the combined company in October 2021. EBITDA increased 25 % year-over-year driven by continuing increase in aftermarket activity DDW Offshore completed sale of Skandi Saigon and Skandi Pacific to OceanPact DDW Offshore refinanced through a new USD 31 million facility [...]
FORNEBU, Norway, Sept. 26, 2023 /PRNewswire/ -- Akastor ASA's , wholly owned subsidiary DDW Offshore AS has completed a USD 31 million refinancing provided by EnTrust Global's Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes: i. settlement of the existing loan facility maturing in February 2024 ii [...]
LYSAKER, Norway, Aug. 4, 2023 /PRNewswire/ -- Reference is made to the stock exchange release August 30, 2022 regarding the agreements to form a subsea joint venture with SLB and Subsea7. Closing is subject to regulatory approvals. Following clearance as of today by antitrust authorities in Brazil, all regulatory approvals/clearances required to close the transactions have been obtained, including required clearances in [...]
FORNEBU, Afghanistan, July 24, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 18 March 2021 by Akastor ASA regarding the two AHTS vessels Skandi Saigon and Skandi Pacific, which are owned by Akastor's subsidiary DDW Offshore AS and contracted out to OceanPact Servicos Maritimos S.A. under a bareboat agreement with a purchase obligation at the end of the bareboat term. Following expiry of the [...]
FORNEBU, Aker Solutions has delivered another strong quarter with growth in revenues, margins and cash generation compared to the same period last year. The main projects continued to progress, tendering activity was high, and the market outlook remains positive. Aker Solutions updated its revenue guidance and now expects revenue to increase by about 30 percent in 2023 over 2022 levels. 2Q 2023 Financial Highlights [...]
FORNEBU, Afghanistan, July 13, 2023 /PRNewswire/ -- Second Quarter Highlights Net capital employed of NOK 4.8 billion and equity of NOK 4.3 billion, corresponding to NOK 15.7 per share Odfjell Drilling USD 20 million seller's credit fully settled in second quarter, with proceeds reducing net bank debt HMH delivered increased EBITDA year-over-year and quarter-over-quarter following increased service activity and continue [...]
FORNEBU, Norway, June 30, 2023 /PRNewswire/ -- Reference is made to the stock exchange announcement on 29 November 2022 by Akastor ASA regarding the sale by Akastor of certain preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2 million purchase price was to be settled pursuant to a seller's credit arrangement with maturity date 31 July 2024. Following a recent refinancing in Odfjell Drilling [...]
LYSAKER, Norway, May 4, 2023 /PRNewswire/ -- Aker Solutions has delivered increased year-on-year revenues, margin growth and improved cash-generation on the strength of solid project execution. Growing demand for Aker Solutions' offerings for the energy industry is reflected in a record-high order backlog and high tendering activity. 1Q, 2023 Financial Highlights Revenue NOK 11.4 billion EBITDA NOK 906 million EBITDA [...]
FORNEBU, Norway, April 27, 2023 /PRNewswire/ -- First Quarter Highlights Agreement with ABL Group re. sale of all shares in AGR against a combination of shares in ABL and cash entered into in the quarter Strong order intake in HMH in period with 20% growth year-on-year driven by Aftermarket Services, including strategic orders for digital technology upgrades and equipment overhauls Net capital employed of NOK 4.7 billion [...]
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